U.S. Steel’s president and CEO declared President Biden’s decision to block the company from being acquired by the Japanese corporation Nippon Steel “shameful” and “corrupt” in a Friday afternoon statement.



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US Steel CEO rips Biden’s ‘shameful’ move blocking sale

US Steel and Nippon Steel threatened legal action Friday after President Joe Biden blocked a controversial $14.9 billion deal for the Japanese company to buy its American rival. Biden cited a strategic need to protect domestic industry - but the move drew sharp criticism from both companies. The decision came after a government panel failed to reach consensus last month on whether the acquisition threatened US national security, shifting the dec…

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"Risk For National Security": Joe Biden Blocks US Steel Sale To Japan's Nippon

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The White House is expected to announce U.S. President Joe Biden’s decision to block Nippon Steel’s $15 billion takeover bid of U.S. Steel on Friday.

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Biden decides to block Nippon Steel’s $15 billion acquisition of U.S. Steel: Report

U.S. Steel’s president and CEO declared President Biden’s decision to block the company from being acquired by the Japanese corporation Nippon Steel “shameful” and “corrupt” in a Friday afternoon statement. “President Biden’s action today is shameful and corrupt. He gave a political payback to a union boss out of touch with his members while harming…

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If the deal does not go through, Nippon Steel would have to pay a US$565 million break-up fee.

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What's next after Biden blocked the Nippon Steel/US Steel deal?

President Joe Biden on Jan. 3 announced that he is blocking the proposed takeover of U.S. Steel by Japanese company Nippon Steel.
“We need major U.S. companies representing the major share of US steelmaking capacity to keep leading the fight on behalf of America’s national interests,” Biden said in a statement detailing the reasoning behind his decision. “As a committee of national security and trade experts across the executive branch determine…

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Biden to Block Sale of US Steel to Japanese Company

David Burritt’s remark came in response to the outgoing US president blocking the purchase of the steelmaker by Japan’s Nippon Steel

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US Steel boss accuses Biden of corruption

U.S. President Joe Biden officially blocked Nippon Steel's proposed $14.9-billion purchase of U.S. Steel Friday over national security issues, dealing a fatal blow to the contentious merger plan with the Japanese company. We speak with Scott Laing, a professor at the School of Management, University at Buffalo. The U.S. Surgeon General calls for warning labels on alcoholic beverages. We get insights with Elizabeth J. Kovacs, Director, Alcohol Re…

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President Biden formally blocked the sale of U.S. Steel to a Japanese steelmaker, citing national security concerns. The company said that it may have to cut thousands of union jobs without the sale.

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Biden formally blocks the sale of U.S. Steel to a Japanese steelmaker

The Japanese Minister of Industry, Yoji Muto, has described the decision of US President Joe Biden to block the sale of the historic US Steel to the Japanese Nippon Steel as “incomprehensible”. “It is incomprehensible and regrettable that the Biden government made such a decision citing national security concerns,” the Minister of Economy, Trade and Industry said in an official statement.

Il ministro giapponese dell'Industria, Yoji Muto, ha definito "incomprensibile" la decisione del presidente statunitense Joe Biden di bloccare la vendita della storica Us Steel alla giapponese Nippon Steel. "È incomprensibile e deplorevole che il governo Biden abbia preso una decisione di questo tipo adducendo preoccupazioni per la sicurezza nazionale", ha affermato il ministro dell'Economia, del Commercio e dell'Industria in una nota ufficiale.

Yoji Muto critica la decisione di Biden sul blocco della vendita di Us Steel a Nippon Steel

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Yoji Muto criticizes Biden's decision to block the sale of Us Steel to Nippon Steel

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US Steel CEO rips Biden’s ‘shameful’ move blocking sale

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